share_log

Teacher Retirement System of Texas Takes $1.08 Million Position in John Wiley & Sons, Inc. (NYSE:WLY)

Defense World ·  Feb 2, 2023 06:12

Teacher Retirement System of Texas acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,776 shares of the company's stock, valued at approximately $1,081,000. Teacher Retirement System of Texas owned about 0.05% of John Wiley & Sons at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cardinal Capital Management bought a new stake in shares of John Wiley & Sons in the 3rd quarter valued at approximately $904,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $355,000. Securian Asset Management Inc. purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $145,000. Van ECK Associates Corp purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $9,268,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $246,000. 72.99% of the stock is owned by institutional investors.

Get John Wiley & Sons alerts:

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Aref Matin sold 11,450 shares of the firm's stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $43.51, for a total transaction of $498,189.50. Following the transaction, the executive vice president now directly owns 8,166 shares in the company, valued at approximately $355,302.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded John Wiley & Sons from a "c" rating to a "b-" rating in a report on Wednesday, December 7th.

John Wiley & Sons Trading Up 3.6 %

Shares of NYSE WLY opened at $47.45 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.76. The business's 50 day moving average price is $43.04 and its 200-day moving average price is $44.42. John Wiley & Sons, Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $56.34. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 27.11 and a beta of 0.98.

John Wiley & Sons (NYSE:WLY – Get Rating) last issued its quarterly earnings results on Wednesday, December 7th. The company reported $1.20 earnings per share for the quarter. The firm had revenue of $514.84 million for the quarter. John Wiley & Sons had a return on equity of 18.27% and a net margin of 4.79%. On average, sell-side analysts expect that John Wiley & Sons, Inc. will post 3.7 earnings per share for the current year.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Tuesday, December 27th were issued a dividend of $0.347 per share. The ex-dividend date was Friday, December 23rd. This represents a $1.39 annualized dividend and a yield of 2.93%. John Wiley & Sons's payout ratio is currently 79.43%.

John Wiley & Sons Company Profile

(Get Rating)

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The Research Publishing & Platforms segment provides scientific, technical, medical, and scholarly journals, as well as related content and services to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals.

See Also

  • Get a free copy of the StockNews.com research report on John Wiley & Sons (WLY)
  • Bed Bath & Beyond Is Circling the Drain
  • Allegro Microsystems Is A Well-Positioned Semiconductor Stock
  • Scotts Miracle-Gro Hits Bottom, Reversal In Play
  • Altria is a Great Recession Stock, Long-Term Outlook Uncertain
  • Novavax Shares Jumped in January While Others Slipped

Receive News & Ratings for John Wiley & Sons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Wiley & Sons and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment